A Radical Critique of Universal Basic Income
By Charles Hugh Smith This critique reveals the unintended consequences of UBI. Readers have been asking me what I thought of Universal Basic Income (UBI)…
Charles Hugh Smith
The Demise of Dissent: Why the Web Is Becoming Homogenized
By Charles Hugh Smith In other words, we’ll be left with officially generated and sanctioned fake news and “approved” dissent. We’ve all heard that the…
Is This Why Productivity Has Tanked and Wealth Inequality Has Soared?
By Charles Hugh Smith Needless but highly profitable forced-upgrades are the bread and butter of the tech industry. One of the enduring mysteries in conventional…
Mideast Turmoil: Follow the Oil, Follow the Money
By Charles Hugh Smith In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state — and for all the other free-spending…
How Will Bitcoin React in a Financial Crisis Like 2008?
By Charles Hugh Smith If the ownership of bitcoin is as concentrated as some estimate, then the liquidity issue distills down to the actions of…
Let’s Clear Up One Confusion About Bitcoin
By Charles Hugh Smith If bitcoin can be converted into fiat currencies at a lower transaction cost than the fiat-to-fiat conversions made by banks and…
What The Kennedy Assassination Records Reveal: Uncontrollable Incompetence
By Charles Hugh Smith Imagine Harvey Weinstein wielding a “top secret” stamp to block any exposure of the uncomfortable truth and you have the FBI,…
Why Is Bitcoin a Big Deal?
By Charles Hugh Smith Centralized banking and all other forms of intermediary rentier skims are presented as solid. If history is any guide, these supposedly…
Japan Just Killed the “Bitcoin Will Be Banned” Meme
By Charles Hugh Smith One of the most durable claims of cryptocurrency skeptics is that “governments will ban bitcoin once it threatens their fiat currency…
What Could Pop The Everything Bubble?
By Charles Hugh Smith As central bank policies are increasingly fingered by the mainstream as the source of soaring wealth-income inequality, policies supporting credit/asset bubbles…
Observations on Wealth-Income Inequality (from Federal Reserve Reports)
By Charles Hugh Smith There’s a profound difference between assets that produce no income and those that produce net income. To those of us nutty…
Stagnation Nation: Middle Class Wealth Is Locked Up in Housing and Retirement Funds
By Charles Hugh Smith The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or…
Why Governments Will Not Ban Bitcoin
By Charles Hugh Smith Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up…
GDP Is Bogus: Here’s Why
By Charles Hugh Smith Here’s a chart of our fabulous always-higher GDP, adjusted for another bogus metric, official inflation. The theme this week is The…